ICI Money Mkt Fund Holdings Summary
ICI released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in April, prime money market funds held 45.7 percent of their portfolios in daily liquid assets and 61.2 percent in weekly liquid assets, while government money market funds held 75.1 percent of their portfolios in daily liquid assets and 86.0 percent in weekly liquid assets." Prime DLA was up from 44.0% in March, and Prime WLA was up from 58.8%. Govt MMFs' DLA fell from 76.29 and Govt WLA was down from 87.4% for the previous month. ICI explains, "At the end of April, prime funds had a weighted average maturity (WAM) of 25 days and a weighted average life (WAL) of 50 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 36 days and a WAL of 93 days." Prime WAMs were 2 days shorter and WALs were unchanged from the previous month. Govt WAMs were 1 day shorter and WALs were 2 days longer from March. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $613.44 billion in March to $608.99 billion in April. Government money market funds' holdings attributable to the Americas declined from $5,294.89 billion in March to $5,122.76 billion in April." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $609.0 billion, or 54.5%; Asia and Pacific at $180.5 billion, or 16.1%; Europe at $300.0 billion, or 26.8%; and, Other (including Supranational) at $28.7 billion, or 2.6%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.123 trillion, or 90.6%; Asia and Pacific at $129.4 billion, or 2.3%; Europe at $377.5 billion, 6.7%, and Other (Including Supranational) at $26.4 billion, or 0.5%.
